Tianfeng Securities announced that its wholly-owned subsidiary Tianfeng Innovation plans to sign a Capital Increase Agreement and Partnership Agreement Amendment Agreement with its controlling shareholder Hongtai Group and its subordinate subsidiary Hongtai Capital to jointly increase capital in Hongtai Qihang. Hongtai Qihang was originally established by Tianfeng Innovation and Hongtai Capital with a total subscribed capital of 50 million yuan. After this capital increase, the total subscribed capital will not exceed 5 billion yuan. Among this, Tianfeng Innovation plans to contribute no more than 2.4251 billion yuan, bringing its cumulative contribution after the increase to no more than 2.45 billion yuan. Tianfeng Securities stated that the implementation of this related-party transaction is conducive to enriching its alternative investment asset portfolio, expanding its equity investment business layout, empowering the real economy and technology innovation industries within the province, and achieving investment returns through project investment exits.
Tianfeng Securities Co LtdTianfeng Securities' subsidiary Tianfeng Innovation will contribute up to 2.4251 billion yuan to jointly increase capital in Hongtai Qihang, expanding its alternative investment and equity investment business.
Hongtai Qihang's total subscribed capital will rise from 50 million yuan to no more than 5 billion yuan via the joint capital increase.
Hongtai Capital is a party to the capital increase agreement, jointly raising Hongtai Qihang's subscribed capital alongside Tianfeng Innovation.
